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Ceterum autem censeo, GM esse delendam

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  • #76
    Seems to me we all pretty much agree GM is already dead, but simply hasn't hit the ground yet. Chrysler is apparently FUBAR as well.

    Ok, can Ford be saved? Is it worth saving? If so, why not do some triage here...

    -Arrian
    grog want tank...Grog Want Tank... GROG WANT TANK!

    The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.

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    • #77
      OK... congress rejected... will be interesting to see the fallout... this one could be spectacular
      Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
      GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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      • #78
        You have to ask the UAW, which effectively owns Detroit. Ford could be saved today if it sat down with the UAW and negotiated a sane labor agreement.
        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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        • #79
          forgot the snippet
          Bloomberg - Are you a robot?
          http://www.bloomberg.com/apps/news?pid=20601087&sid=anrUMAPY5Uwk&refer=home



          General Motors Corp. fell toward its lowest since the 1930s after U.S. lawmakers deadlocked on an auto-industry bailout, raising the prospect it could run out of cash before a new Congress can come to the rescue next year. Ford tumbled to a 28-year low.
          Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
          GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

          Comment

          • #80
            "Deadlocked on an auto-industry bailout" is a delicate way of putting it. If they don't even push the bill out of committee and put it up for a test vote, this suggests that even the Democrats are lining up against it.

            Obama's certainly weighing his words carefully.
            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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            • #81
              Despite his pronouncement at the press conference a while back it looks like he isn't pushing it too hard, thankfully.
              12-17-10 Mohamed Bouazizi NEVER FORGET
              Stadtluft Macht Frei
              Killing it is the new killing it
              Ultima Ratio Regum

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              • #82
                In other news, Dingell lost his committee chairmanship to Waxman.
                If you don't like reality, change it! me
                "Oh no! I am bested!" Drake
                "it is dangerous to be right when the government is wrong" Voltaire
                "Patriotism is a pernecious, psychopathic form of idiocy" George Bernard Shaw

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                • #83
                  Well, as long as the committee is still run by someone with a silly name...
                  1011 1100
                  Pyrebound--a free online serial fantasy novel

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                  • #84
                    grog want tank...Grog Want Tank... GROG WANT TANK!

                    The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.

                    Comment

                    • #85
                      And Henry Waxman is far sillier looking.
                      And indeed there will be time To wonder, "Do I dare?" and, "Do I dare?". t s eliot

                      Comment

                      • #86
                        From the New York Times...

                        The House Speaker, Nancy Pelosi of California, and the Senator majority leader, Harry Reid of Nevada, at a joint news conference, said that any legislative proposal put to a vote this week would fail, and they leveled scathing criticism at the executives, including pointed barbs at the corporate titans for flying to Washington this week on private jets.

                        The comments indicated that when the auto executives wrapped up two days of hearings here, they had hurt rather than helped their cause. Lawmakers who just days ago had supported providing aid instead said that they were now unconvinced that taxpayer money could save the industry from disaster.
                        nytimes.com
                        http://www.nytimes.com/2008/11/21/business/21auto.html?hp


                        These CEOs deserve a raise, as far as I'm concerned.
                        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                        Comment

                        • #87
                          Hey, give Congress a smidge of credit there. They managed to see the obvious. This constitutes an improvement.

                          -Arrian
                          grog want tank...Grog Want Tank... GROG WANT TANK!

                          The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.

                          Comment

                          • #88
                            12-17-10 Mohamed Bouazizi NEVER FORGET
                            Stadtluft Macht Frei
                            Killing it is the new killing it
                            Ultima Ratio Regum

                            Comment

                            • #89
                              Originally posted by Arrian
                              Hey, give Congress a smidge of credit there. They managed to see the obvious. This constitutes an improvement
                              That's not the way I read the situation. The Michigan lawmakers were going to go with the GOP plan, against which the Dem leadership had been arguing for weeks and which would have split the Dem constituencies (UAW/Michigan versus the environmentalists). So they got out ahead of the deal to spike it.

                              For my own account, I hope there is enough gridlock to make any deal impossible. And I hope the CEOs poison the well enough that no bailout happens after Obama assumes office. They are giving it their best, to be sure.
                              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                              Comment

                              • #90
                                Re: Re: Re: Ceterum autem censeo, GM esse delendam

                                Originally posted by VJ



                                I don't think you "understand" the possible motivations behind his push for support at all. Detroit's automobile industry has zero value for the government of the US, they produce nothing which can't be cheaply imported and which the federal government is dependant upon. Ergo, it's not really protectionism motivated by nationalism.

                                edit: unless your name is Patrick J. Buchanan and you presume cars are still the most high-tech products of our era which are so hard to produce related to other products that they can be used to extort other countries which don't produce them by manipulating their export level, thus causing jeopardy in the country importing them because of the supply market of cars is still supposed to be (in this fantasy world) extremely limited.
                                GM means jobs. And A lot of workers in the Detroit area are labourers who should vote democrat, but if the economy goes awry and their lose jobs, and income etc. they will gladly change their vote if a Republican promises heaven and earth at once.
                                "An archaeologist is the best husband a women can have; the older she gets, the more interested he is in her." - Agatha Christie
                                "Non mortem timemus, sed cogitationem mortis." - Seneca

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